UAE also makes strides in AI financing
Dubai has topped the list of countries in attracting foreign direct investments (FDIs) for artificial intelligence (AI) and robotics, according to reports.
Meanwhile the UAE has outranked countries such as the US, UK and South Korea in the global Smart Service Index.
In total, the UAE has garnered US$21.6 billion worth of FDI in high-end technology transfers to see it sit in sixth place globally.
The figures were released in preparation for the Annual Investment Meeting (AIM 2019), which will be held from April 8 to 10 in Dubai.
The organisers of AIM said that digitalisation is becoming an increasingly important part of globalisation, and the fact that Dubai ranks on the top position for artificial intelligence and robotics confirms that the city is fast emerging as the global destination for investment in smart technologies.
Dawood Al Shezawi, CEO of Annual Investment Organizing Committee, said: “Digital growth is significant to the growth of the economy. In the UAE, it is in line with UAE Vision 2021, which aims to position the country as a top spot for tech investments.”